Foreclosure rates on the rise

First Posted: 4/6/2011

LIMAForeclosure rates in Lima increased for the month of January over the same period in 2010, according to information from tracking company CoreLogic.According to newly released data, the rate of foreclosures among outstanding mortgage loans was 2.54 percent for the month of January, an increase of 0.5 percentage points compared to the previous year. Foreclosure activity in Lima remains lower than the national foreclosure rate, which was 3.63 percent.Data from CoreLogic also indicated the mortgage delinquency rate in Lima decreased. In January, 5.08 percent of mortgage loans were 90 days or more delinquent, compared to 5.81 percent in January 2010.

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